The North American core banking systems market is a highly mature market which will even at the best of years go through only relatively modest growth. Vendor opportunities however remain higher as smaller banks or credit unions are migrating to an outsourced model.
Scope of this title: This report discusses the current state of the core systems outsourcing retail banking market dissected by tiers. This report also discusses the business and technology drivers/inhibitors for core systems outsourcing investment. This report gives an in-depth analysis of the market sizing and opportunities within. Lastly, this report gives an overview of the vendors offering outsourcing services within core system area in retail banking market.
Highlights of this title: Landscape on banking revenues side is changing as we can observe slowdown in mortgage market, deposit growth decrease within top tier banks, upturn in corporate banking or slowdown on consumer credit. Revenue slowdown increases efficiency pressure, which translates into activity around core systems. Reducing application development time and cost are emerging as main drivers of transforming or replacing existing core system solutions into and outsourced model. The core system market will continue to grow relatively slowly at overall market level, but with more narrowly defined vendor opportunities in the space growing considerably faster. Outsourcing opportunities to the lower tier institutions for example continue to experience healthy growth and will accelerate within mid-tier banks.
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